Shares of RetailMeNot, Inc. (NASDAQ:SALE) has price volatility of 4.01% in last 5 days trading session, while shares of firm closed at $11.55 increasing 49.03% in last session. Shareholder rights law firm, Johnson & Weaver, LLP has reported an investigation into whether the board members of RetailMeNot, Inc. (SALE) breached their fiduciary duties in connection with the proposed sale of the Company to Harland Clarke Holdings Corp. RetailMeNot operates as a savings destination for online and in-store purchases, connecting consumers with retailers, restaurants, and brands.
On April 10, 2017, RetailMeNot reported it had signed a definitive merger contract with Harland Clarke. Under the contract, Harland Clarke will acquire all of the outstanding shares of RetailMeNot common stock for only $11.60 per share in cash. Just in July 2013, RetailMeNot sold 9.1 million shares of stock at $21.00 per share in its initial public stock offering. The investigation concerns whether the RetailMeNot board failed to satisfy their duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for RetailMeNot shares of common stock; especially since the Company has over $200 million in cash. Shares price moving up from its 20 days moving average with 44.19% and isolated positively from 50 days moving average with 34.69%.
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Stocks of Fiat Chrysler Automobiles N.V. (NYSE:FCAU) shows active performance, surged 0.59% to trade at $10.15as Dodge rocked the high-performance car world in 2014 with 707-horsepower Charger SRT Hellcat and Challenger SRT Hellcat, building supercar performance at affordable prices. They were the most powerful muscle cars ever – until now.
Dodge is shaking the foundation of the entire performance car industry, launching New York International Auto Show week with its wickedly fast new 2018 Dodge Challenger SRT Demon – highly capable on the street, absolutely dominating at the drag strip.
Powered by a 840-horsepower, supercharged 6.2-liter HEMIDemon V-8, the limited-production Challenger SRT Demon is the world’s most powerful factory-production V-8 – bar none. NHRA-certified 9.65 seconds 140 mph makes the Dodge Challenger SRT Demon the fastest ¼-mile car in the world. The Challenger SRT Demon’s record-setting performance is the result of collaboration among the Dodge//SRT, Design, Engineering, Powertrain and Manufacturing teams inside FCA US LLC, many of whom are experienced and active drag racers. While the 2018 Dodge Challenger SRT Demon remains a potent street car, every component was scrutinized and optimized for weight, capability and durability on the strip.
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The Walt Disney Company (NYSE:DIS) luring passive investments, as shares slightly up 0.60% ended at $113.11 as the stock held volume of 3.41 Million as compared to average daily volume of 6088.95. Goldman Sachs (GS) said that investors should buy Disney (DIS) because its movie studio will report back-to-back record earnings in the next two years. The bank added the media company to its Americas conviction buy list and reiterated its buy rating.”Beauty and the Beast and a promising FY18 [fiscal year 2018] slate should drive record studio profits in FY17 and FY18. We expect FY18 to be DIS’ best film slate ever with 4 Marvel films, 2 Star Wars film, and 3 animated films,” analyst Drew Borst wrote in the note to clients late Monday. “Like Beauty and the Beast, all of these films have large consumer product opportunities which could drive upside at the studio and consumer products.” The analyst reaffirmed his Disney price target of $138, representing 22 percent upside from Tuesday’s closing share price of $113.07.
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